Dow Ends Day Up 165

FILE - In this Dec. 16, 2015 file photo, traders Gordon Charlop, left, Nathan Wisniewski, center, and Gregory Rowe, work on the floor of the New York Stock Exchange. Stocks were mostly flat in early trading... (Richard Drew)

(Newser)
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Energy companies are leading a broad rally on the stock market as the price of crude oil moves higher. Diamond Offshore Drilling was among the biggest gainers with an increase of 5.6% Tuesday. The Dow Jones industrial average climbed 165 points, or 1%, to close at 17,417. The Standard & Poor's 500 index rose 17 points, or 0.9%, to 2,038. The Nasdaq composite increased 32 points, or 0.7%, to 5,001. The price of oil rose, a relief to investors who have been rattled by a plunge in crude to its lowest level since February 2009. Oil increased 1% to $36 a barrel in New York. Bond prices fell. The yield on the 10-year Treasury note rose to 2.23%. (Read more Dow Jones stories.)